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UMOA: Togo collects its first stimulus bonds

23/02/2021
Source : ORISHAS FINANCE
Categories: Index/Markets

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The General Directorate of Treasury and Public Accounts of Togo received a sum of 22 billion FCFA on February 19, 2021. This was at the end of its issue of Treasury recovery bonds (ORD) on the financial market of Togo. West African Monetary Union (UMOA). The UMOA-Titres agency listed 112.696 billion FCFA while the amount auctioned was only 20 billion FCFA. This gives a rate of coverage of the amount auctioned of 563.48%. Submissions came from all WAEMU countries except Niger. The Togolese Public Treasury withheld 22 billion FCFA and rejected 90.686 billion FCFA, representing an absorption rate of 19.52%. The selected bids come in order of importance from Benin (18 billion), Togo (2.500 billion), Senegal (1.250 billion) and Burkina (250 million). The 5-year maturity securities issued by Togo will be reimbursed on the first day following the due date set at February 22, 2026. As regards the payment of interest, it will be made from the end of the first year at a rate of fixed interest of 6.10%.
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